Berenberg Bank Reiterates Buy Rating for Bodycote (LON:BOY)

Bodycote (LON:BOY)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a report issued on Thursday,London Stock Exchange reports. They presently have a GBX 900 price target on the stock. Berenberg Bank’s target price suggests a potential downside of 1.80% from the company’s previous close.

BOY has been the subject of several other research reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 900 price target on shares of Bodycote in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 960 price objective on shares of Bodycote in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 750 price objective on shares of Bodycote in a report on Wednesday, July 29th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 875.83.

Bodycote Stock Performance

Shares of Bodycote stock opened at GBX 916.50 on Thursday. The company has a current ratio of 1.12, a quick ratio of 0.74 and a debt-to-equity ratio of 35.03. The stock’s fifty day moving average price is GBX 711.74 and its 200-day moving average price is GBX 714.09. The firm has a market cap of £1.56 billion, a P/E ratio of 29.56, a P/E/G ratio of 1.44 and a beta of 1.35. Bodycote has a 12 month low of GBX 585 and a 12 month high of GBX 928.

Bodycote (LON:BOY) last released its quarterly earnings data on Tuesday, July 28th. The company reported GBX 18.10 earnings per share for the quarter. Bodycote had a net margin of 7.87% and a return on equity of 9.30%. On average, equities research analysts expect that Bodycote will post 54.0540541 earnings per share for the current fiscal year.

About Bodycote

The leading provider of heat treatment and specialist thermal processing services worldwide.

Heat treatment encompasses a variety of techniques and specialist engineering processes which improve the properties of metals and alloys and extend the life of components and is a vital part of any manufacturing process.

Bodycote is uniquely placed via our global network and the experience and knowledge of our people to offer high quality, reliable and cost-effective services to manufacturers whatever their size or market sector.